Sao Ta (Vietnam) Market Value
| FMC Stock | 46,100 100.00 0.22% |
| Symbol | Sao |
Sao Ta 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sao Ta's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sao Ta.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sao Ta on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Sao Ta Foods or generate 0.0% return on investment in Sao Ta over 510 days. Sao Ta is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Sao Ta Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sao Ta's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sao Ta Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.9858 |
Sao Ta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sao Ta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sao Ta's standard deviation. In reality, there are many statistical measures that can use Sao Ta historical prices to predict the future Sao Ta's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.25) |
Sao Ta Foods Backtested Returns
Sao Ta Foods owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sao Ta Foods exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sao Ta's Risk Adjusted Performance of (0.07), variance of 0.5265, and Coefficient Of Variation of (1,175) to confirm the risk estimate we provide. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sao Ta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sao Ta is expected to be smaller as well. At this point, Sao Ta Foods has a negative expected return of -0.0779%. Please make sure to validate Sao Ta's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Sao Ta Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Sao Ta Foods has below average predictability. Overlapping area represents the amount of predictability between Sao Ta time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sao Ta Foods price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Sao Ta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 M |
Sao Ta Foods lagged returns against current returns
Autocorrelation, which is Sao Ta stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sao Ta's stock expected returns. We can calculate the autocorrelation of Sao Ta returns to help us make a trade decision. For example, suppose you find that Sao Ta has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sao Ta regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sao Ta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sao Ta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sao Ta stock over time.
Current vs Lagged Prices |
| Timeline |
Sao Ta Lagged Returns
When evaluating Sao Ta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sao Ta stock have on its future price. Sao Ta autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sao Ta autocorrelation shows the relationship between Sao Ta stock current value and its past values and can show if there is a momentum factor associated with investing in Sao Ta Foods.
Regressed Prices |
| Timeline |
Pair Trading with Sao Ta
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sao Ta position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sao Ta will appreciate offsetting losses from the drop in the long position's value.Moving together with Sao Stock
The ability to find closely correlated positions to Sao Ta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sao Ta when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sao Ta - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sao Ta Foods to buy it.
The correlation of Sao Ta is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sao Ta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sao Ta Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sao Ta can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Sao Stock
Sao Ta financial ratios help investors to determine whether Sao Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sao with respect to the benefits of owning Sao Ta security.